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Foreclosuredge is a division of Westminster Realty, a California licensed Real Estate Brokerage Company, DRE License # 01344174.
Peter Winn, the owner, of the Westminster Group of Companies, has been in business in California since 1987.
Mr. Winn is widely recognized as an expert in purchasing foreclosures, having been involved in over 1500 purchases and sales throughout California in the last twenty years.
Based in San Diego and Los Angeles, he has built a highly experienced team of trained professionals, proficient in all aspects of market research, title, property evaluation, renovation and resale of foreclosed properties.
Mr. Winn predicted the widespread downturn in the California market back in 2006 and ceased purchasing property in February 2007.
Since then, he has been carefully analyzing the various metropolitan markets in the State, giving careful scrutiny to the developments built within the last 12 years most severely hit by the sub-prime mortgage crisis. He has identified seven specific areas where he sees "blood in the water", markets where values are falling the most.
These areas have a high concentration of relatively new product that needs minimal or no fix, with good infrastructure (roads, freeway access, schools and shopping). They are close to large established employment areas.
Values have dropped precipitously in these areas principally due to the majority of the homes being purchased with the oversupply of easy mortgage money.
Mr. Winn and Westminster have tracked these areas closely in order to predict when it is time to buy back into these markets and profit from this downturn. He has identified several markets where he believes the time is either approaching or the time is right to begin buying.
Mr. Winn owns an extensive portfolio of rental properties throughout California and Hawaii, in addition to owning a number of land development projects on Maui. He also operates two successful Boutique Hotels in Panama that he designed and built from the ground up.
He has been quoted as a foreclosure market expert in numerous AP news articles.
